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What is the first step in identifying cash flows from operat.pdf

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What is the first step in identifying cash flows from operations when the indirect method is used? Calculate the net change in the cash account. Identify the balance sheet accounts that related to operating activities. Add the change in accounts receivable to sales revenue. Find net income from the Balance sheet..

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What is the first step in identifying cash flows from operations when the indirect method is used? Calculate the net change in the cash account. Identify the balance sheet accounts that related to operating activities. Add the change in accounts receivable to sales revenue. Find net income from the Balance sheet.

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  • 1. What is the first step in identifying cash flows from operations when the indirect method is used? Calculate the net change in the cash account. Identify the balance sheet accounts that related to operating activities. Add the change in accounts receivable to sales revenue. Find net income from the Balance sheet.